EUR/CHF Forecast February 24, 2016, Technical Analysis

The EUR/CHF pair fell significantly during the course of the day on Tuesday, dropping all the way down to the 1.09 handle. It is below there that things would get very ugly for this pair, and quite frankly we are a bit surprised that we have broken down the way we have. Below the 1.09 level, we feel that the market will probably try to get down to the 1.0750 level given enough time, but we would also be buyers of a move back above the 1.10 handle above. At this point in time, this market looks like it’s trying to gain momentum finally.